Ask a New Question

Asked by Hussan

At what rate percent does compound interest on a sum of money becomes fourfold in 2 years.
8 years ago

Answers

Answered by bobpursley
4=1(1+i)^2

1+i=2
I= 100 percent
8 years ago
There are no AI answers yet. The ability to request AI answers is coming soon!

Submit Your Answer


We prioritize human answers over AI answers.

If you are human, and you can answer this question, please submit your answer.

Related Questions

How do I find the percent composition of H2O: 20.14grams C2O4: 51.64grams Fe 3+: 11.34grams K... At what rate must $500 be compounded for it to grow to 1079.46 in 10 years? 8 percent? i think A rate of 40 percent could be expressed as 2/5.true or false A compound with a percent composition by mass of 87.5% N and 12.5% H was recently discovered. What i... find the rate of interest compound semi-annually at which birr 2000 will grow to birr 5000 in 9 year... at what rate percent will the interest on rs 2,520 add up to rs 84 in 8 months Find the rate percent which yield simple interest of 25.00 on 200.00 for 2½ years At what rate percent per annum, will $4000 yield an interest of $780 in 18 months (simple interest find the rate percent which will yield interest of #25.00 On #200 for 2half years Calculate the rate percent for the following values. original amount 360; new amount 9
Submit Your Answer

Question

At what rate percent does compound interest on a sum of money becomes fourfold in 2 years.

Ask a New Question
Archives Contact Us Privacy Policy Terms of Use